Loan

[Kirbs]

I CAN DRIVE A V8 AS I AM NOT RESTRICTED BY ANY RULES

Hey guys, Im 17 next friday and I have just started an apprenticeship. I am looking at getting a V8 to drive on the weekend and put a bit of money into, As It's not worth it putting money into my VS because it's a 6. Anyway, What is the minimum loan I can get? I will pay it off quickly over about 6 months so I don't need to pay too much interest. I know it's better of to save money etc, But I just want to get something to spend my time on. Does anyone know any good companies? I have my bank account with Commonwealth. Also, Dad will be my guarantor.

[sycvs]

none your under 18

[GetToDaChopa]

none your under 18

Nothing would stop him from buying and doing work on it and then driving when he is ready

[Kirbs]

none your under 18

Thats why I'm getting my old man to go guarantor....

[sycvs]

yea still worth the buy i agree but when i was under 18 my parents both tried to go on mine but everyone said no even though my parents had assests to the value of 700.000 thats with out including the house and we tried for a 2.000 but no due to being under 18

[Kirbs]

Dad runs/owns his own business, Will get it fine.

[ryno_vrx]

Personal - Personal Loans - Commonwealth Bank Group
or
if you only wanna loan around 2000 just get a credit card as the interest is about the same

[doms3]

if you can pay it off quick maybe better to save up instead..

[sycvs]

not saying he wont get it but you wont my parents have there own buisness to but much easyer to get him to get it and you pay it

[sycvs]

how much you looking and credit card for a small loan is better

[Kirbs]

Yeah I can't get a credit card because I'm not 18, Only a loan.

[S2_VR_]

why can you drive a V8?, your only 17? all P-platers have restrictions on the cars they can drive now dont they?

[doms3]

yea still worth the buy i agree but when i was under 18 my parents both tried to go on mine but everyone said no even though my parents had assests to the value of 700.000 thats with out including the house and we tried for a 2.000 but no due to being under 18

lol if your parents had that much they couldn't swing you 2gs and you pay em back

[sycvs]

unless he puts it in his parents name then he can drive it

[sycvs]

lol if your parents had that much they couldn't swing you 2gs and you pay em back

i did exactly that loaned it of them insted and assets is stuff you own they are asset rich not money rich

[sycvs]

Yeah I can't get a credit card because I'm not 18, Only a loan.

is the car private or yard if its yard see a bout finance

[S2_VR_]

so why is his licence got no restrictions?

[STEALTHY™]

so why is his licence got no restrictions?

Because of the state he comes from. Every state has different restrictions in place. Why is it so hard to understand?

[ClairBear]

According to the OP's title, he is only on his learners.

[Kirbs]

For another 14 days. Please don't start with useless posts sashyre either, I dont wanna hear your negativieity. Yes, I am allowed to drive any car in W.A, No restrictions as of yet. Dad can't loan me any money for some business reason so thats a no go.

[ClairBear]

Please don't start with useless posts sashyre either, I dont wanna hear your negativieity.

How is my post useless or negative? I was merely pointing out a fact to all the posters here that you are a Learner.

Don't troll please, especially in your own thread.

[Grennan]

You'll find that banks will be reluctant to give you small amounts because they don't make any money off it. A 5 grand loan or a 2 grand loan isnt worth their time so if you're only looking to borrow a small amount like 2 grand see if you can somehow get a credit card through your folks or something (they may as well seeing as they're already going guarantor for you).

You might be able to get a loan for a small amount, but they prefer handing out something like 10 grand because they lick their lips with interest.

[betts]

Also if you are about to become an apprentice, I would rethink the whole loan idea, or at least wait until you have worked as an apprentice for a while. When I was in my first year I was making $280 a week for a 58 hour week, and there was no way I would have been able to pay off any sort of loan. Ultimately it's your choice, but coming from someone who has been a first year apprentice, thats my advice.

[S2_VR_]

yeah when u start working you wont want to do things to your crap box car anyway... just work and save, buy something you dont have to work on...

[blackdoggg]

dont get a loan dude, im stuck in a big ass loan, your better off just saving if you can. Unless you need one asap, but if its not something thats a rush, and if its a work on car it doesnt sound like you need straight away, itd be nice but not necessary, just save up and buy outright. Steer clear of loans as long as you can, once im done with this one the only loan ill have again will be mortgage. Besides its just giving money to the banks, better in your pocket than theirs. My opinion anyway.